The report says the contract is "lucrative" and includes an offer to pay Brody to not work during the 12 month period where he is under a non-compete agreement with AOL. AOL has reportedly already told Yahoo it may face legal action over the way it is getting around the noncompete, according to the report.

Before running AOL Networks, Brody, who is based in Washington D.C., had four other roles at AOL and was CEO of ARPU / GivAClick.com, according to his LinkedIn profile. He has been with AOL since Nov. 2009, according to the profile.